Flash Crash - The Hunt for Weapons of Market Destruction

After nearly five months and up to ten terabytes worth of
analysis later, the US financial regulators, the SEC and CFTC,
have come up with their findings of what happened on 6 May 2010,
when the US financial markets suffered their worst shock since
the great crash of '29. On the last day of September they
published their long awaited report. However, those who hoped for
closure will be disappointed, because their conclusions and
recommendations are apparently still to come.

They found a smoking gun of sorts: the large $4.1 billion futures
trade that algorithmically sold 75,000 of the June e-mini S&P
500 contracts in 20 minutes on the CME, but this was only part of
the picture. Bob Giffords dissects the regulators' report.

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